Here’s what we’re getting into today…

Enjoy the next 4 minutes and 31 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

- tyler

+ US stocks “fell on Tuesday as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the electric car maker posted fewer quarterly deliveries for the first time in nearly four years.” (Reuters)

+The 10-year Treasury yield “jumped Tuesday, adding to its gains from the previous session, as traders reassessed the possibility of the Federal Reserve cutting rates in June.” (CNBC)

+ Oil “settled Tuesday at five-month highs, driven by fresh concerns to global supplies amid rising geopolitical tensions just as demand is expected to gather pace. ” (Reuters)

+ Bitcoin plummeted again on Tuesday thanks to a perfect storm of liquidations, economic uncertainty, and concerns about the halving. (Coinpedia)

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Trump Media & Technology Group +6.0% 2) Nvidia -1.0% 3) Reddit +9.7%

The AI in Real Estate market is staggering - estimated at $163 billion in 2022.

Increased adoption of IoT and smart-home devices is changing the way we live our lives. And has led to billion-dollar acquisitions.

If you missed out on these spectacular early investments, here is your chance to grab hold of the next one.

RYSE is the up-and-coming player poised to dominate the Smart Shades segment.

And their pre-IPO investment offering is open for a limited time.

Their patented devices leverage advanced sensors and AI to save on heating and cooling costs, and they've just launched in over 100 Best Buy stores with a deal that resembles the one that led Ring and Nest to their billion-dollar buyouts.

Sponsors are the reason I can bring The Water Coolest to you every day for free. The only thing I ask is that you show them some love by clicking and checking out their offer.

The market moves you need to know about…

– AST SpaceMobile, which sounds a lot like a Cricket Wireless subsidiary, took a big L on Monday. The satellite (WARNING: Only click that link if you’re ok with a song being stuck in your head for the rest of the day) maker fell 23.5% after reporting a bigger loss than expected and saying that an upcoming launch would be delayed.

– Shares of PVH, the company that owns Tommy Hilfiger and Calvin Klein, crashed 22.2% yesterday. They warned about a pretty major slowdown in 2024 thanks largely to European sales slumping.

(Ok, technically he has like 5…)

Shares of Tesla (-4.9%) got bent over and shown the 50 states following a piss poor deliveries report. It probably would have been a lot worse if expectations weren’t already as low as my parents when I told them I was starting a newsletter…

The Cybertruck maker delivered 386,810 vehicles in Q1 2024. Not only did the EV maker miss expectations (analyst consensus was above 450k), but deliveries fell 8.5% vs. the same period last year.

In case you’re still struggling to wrap your brain around just how bad the situation is… this is the first year-over-year deliveries drop since 2020. Friendly reminder: a global pandemic f*cked everything up back then…

Where did Elon go wrong?

Well, maybe he should have spent more time at his Gigafactories instead of making that Neuralink patient play video games with his brain…

It probably didn’t help that there were plenty of production hiccups. Like the Houthi rebels attacking ships in the Red Sea, which disrupted supply chains. And those meddling environmentalists who set fire to TSLA’s German plant.

Tesla offered an excuse of its own, of course: the “decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont [California] factory and factory shutdowns.”

Stiffer competition in China took a toll as well.

And maybe, just maybe, Tesla’s deliveries fell for the same reason literally every other carmakers have. Spoiler: no one wants EVs.

+ Chipotle offering food lovers a chance to win free burritos for a year on National Burrito Day (Read) I’m not sure that anything I’ve ever added to this section has mattered more…

+ Nearly 35% of millennials say they're behind on saving for retirement. A financial advisor could be the next money move to make (Read)

+ The New Magic Number for Retirement Is $1.46 Million. Here’s What It Tells Us. (Read)

BTW, some of these include affiliate partnerships.

+ Things sure have changed since your grandparents were able to retire on a private island after investing like $11 in GE…

It’s the end of an era at GE. GE’s aviation and energy businesses officially began trading as separate companies. Friendly reminder: GE HealthCare spun off early last year. The split was announced way back when we were still washing our groceries and bleaching our insides (see: 2021).

The (former) symbol of American manufacturing might was forced to reinvent itself after years of decline. Following the Jack Welch era (beginning in the 80s and ending in 2001) through 2021 shares of GE fell nearly 75%.

In 2021 CEO Larry Culp announced plans to divide the company into three segments because the parts are greater than the whole… or something like that.

It seems to be working. Shares are up more than 100% since the announcement.

+ Artifact is a brutal name for a startup to have when things just don’t work out…

Artifact, the AI news aggregating app started by Instagram’s founders, is getting a second lease on life after announcing it was shutting down. Well, its tech is, at least.

Yahoo, the place where good startups go to die (see: Flickr, Tumblr, Geocities, Broadcast.com, etc.), will pick at what’s left of the carcass of Artifact. The hope is that it can harness the AI tech to give users a better new experience. I mean, it can’t get any worse.

+ The Biden administration just curb-stomped health insurers. The Centers for Medicare and Medicaid Services announced that Medicare Advantage rates will increase by just 3.7% in 2025. That’s well below what insurers were hoping for.

Uncle Sam ponying up less for Medicare Advantage plans could force insurers to scale back their offerings (sorry, Nana). That or they’ll be forced to eat into their profits. As you might expect, shares of health insurers with the biggest exposure to MA, like Humana (-13.4%), got rekt.

On the bright side, insurers won’t be able to afford as many day-time TV Medicare Advantage ads…

+ Bah gawd, that’s Silver Lake’s music…

The PE shop is taking Endeavor Group (+2.0%) private. It’s buying the rest of the stock it doesn’t already own for $27.50 per share. That values the company at ~$13B.

Endeavor is a majority shareholder in TKO, which owns WWE and UFC… but, have no fear, TKO will continue trading as its own public company.

Here's what I'm keeping an eye on today...

+ Acuity Brands, Levi Strauss, BlackBerry, and Sportsman's Warehouse report

+ The Sohn Investment Conference gets underway

+ Disney holds its annual meeting… and we’ll finally find out who wins the Disney vs Nelson Peltz/Trian proxy fight

Yesterday, I asked, “Make coffee at home or buy it?”

76.1% of you make your coffee at home. Congrats on being able to retire one day.

Here’s today’s question…

Oh, and…

Does this look like the face of a guy you should take financial advice from?

No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...

This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.